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I

Intelsat

$20.93

-0.22 (-1.04%)

13:40
05/13/19
05/13
13:40
05/13/19
13:40

Intelsat put volume 5x normal as short June 21 puts are rolled to September

Intelsat put volume 5x normal as short June 21 puts are rolled to September. Shares off 18c to $20.97 with a large spread trading on the BOX, where the June/Sep 21 put spread traded 2100x for 2.10 in what appears to roll short puts out three months. Trade history shows a block of the same size was sold to open in June on March 13th for near $6 when shares were near $18. Today's close for $2.30 suggests a gain of nearly $770K and reload in anticipation of future stability. Intelsat traded as high as $37 last fall, and bounced off lows in the $15 range last month.

I Intelsat
$20.93

-0.22 (-1.04%)

04/03/19
JPMS
04/03/19
UPGRADE
Target $27
JPMS
Overweight
Intelsat upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Philip Cusick upgraded Intelsat to Overweight from Neutral with a $27 price target. The analyst a C-band spectrum sale as the most likely course for the company.
04/03/19
JPMS
04/03/19
UPGRADE
Target $27
JPMS
Overweight
JPMorgan upgrades Intelsat to Overweight ahead of expected spectrum sales
JPMorgan analyst Philip Cusick upgraded Intelsat to Overweight from Neutral with an unchanged price target of $27. The stock has declined 28% year-to-date and 38% since February 27 when a "slew of headlines all but halted" the C-Band Alliance's momentum in D.C., Cusick tells investors in a research note. However, after being overly-optimistic in the fall, the market is now "underpricing the likelihood" of Intelsat and the C-Band Alliance eventually selling spectrum and "reaping substantial proceeds," says the analyst. Cusick believes the alliance still has the support of key decision makers at the Federal Communications Commission and that some version of a market-based approach is the most likely path to get C-Band spectrum into the hands of wireless carriers in the next five years.
04/03/19
04/03/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Urban Outfitters (URBN) upgraded to Buy from Neutral at DA Davidson with analyst John Morris saying the data showcase the company's "green shoots in improving pricing architecture at the Anthropologie division with stronger pricing and lower markdown cadence at the Urban division." 2. Intelsat (I) upgraded to Overweight from Neutral at JPMorgan with analyst Philip Cusick saying the stock has declined 28% year-to-date and 38% since February 27 when a "slew of headlines all but halted" the C-Band Alliance's momentum in D.C. 3. e.l.f. Beauty (ELF) upgraded to Buy from Hold at Jefferies with analyst Stephanie Wissink saying he believes the company's improved merchandising focus will drive a "meaningful reversal" in sales trends. 4. Enterprise Products (EPD) upgraded to Buy from Neutral at Goldman Sachs with analyst Michael Lapides citing the company's improving cash flow, exposure to key themes that include a "leading position in crude oil and NGL exports," and its position as "one of the more integrated infrastructure portfolios within the sector," extending its footprint "further downstream than most midstream companies." 5. CommScope (COMM) upgraded to Strong Buy from Outperform at Raymond James with analyst Simon Leopold saying he believes the earnings accretion from the pending Arris (ARRS) acquisition is underappreciated and will provide at least 40% accretion versus management's forecast for over 30% and analyst estimates of 25%-43%. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/17/19
GSCO
04/17/19
NO CHANGE
GSCO
Sprint, T-Mobile headlines positive for Dish, Intelsat, says Goldman Sachs
Goldman Sachs analyst Brett Feldman, while taking no view on the outcome of the proposed merger between Sprint (S) and T-Mobile (TMUS), laid out his thoughts for other industry participants following the Wall Street Journal's report that the Department of Justice is unlikely to approve the deal as currently structured. The analyst believes investors will initially see the headlines as negative for the other major wireless carriers, namely AT&T (T) and Verizon (VZ), since they "create uncertainty over long-term industry structure." Further, investors will initially see these headlines as a slight positive for tower operators American Tower (AMT), Crown Castle (CCI) and SBA Communications (SBAC) as they "imply less risk of material cell site decommissioning," Feldman told investors earlier in a research note. The analyst also thinks investors will view the Journal's report as positive for owners of excess spectrum such as Dish (DISH) and Intelsat (I) and a slight positive for cable operators like Altice USA (ATUS), Charter (CHTR) and Comcast (CMCSA).

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BHP Group

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AAPL

Apple

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ET

Energy Transfer LP

$13.77

0.3 (2.23%)

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AAPL

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$210.32

3.88 (1.88%)

, SNE

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$55.71

-0.01 (-0.02%)

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$55.71

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DIS

Disney

$135.33

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$44.21

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LGIH

LGI Homes

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Walmart

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$12.42

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Sarepta

$120.16

-4.81 (-3.85%)

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  • 19

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Sarepta

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-4.81 (-3.85%)

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BSX

Boston Scientific

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Facebook

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MPW

Medical Properties Trust

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WMT

Walmart

$113.76

0.77 (0.68%)

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MAXR

Maxar Technologies

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RCI

Rogers Communications

$51.30

0.21 (0.41%)

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